Legal11 bit studios
11 bit studios S.A. Supervisory Board Resolution on Remuneration Report for 2022
1 May 202313 pages~20 min full read
Management Board remuneration at 11 bit studios S.A. increased by 101.33% in 2022, reaching a total of 4.42 million PLN.
Individual compensation for the three primary board members reached approximately 1.18–1.19 million PLN each, with performance-based bonuses comprising roughly 50% of their total earnings.
Supervisory Board remuneration rose by 125.28% in 2022 to a total of 338,732 PLN, maintaining a fixed pay structure to ensure independent oversight.
Executive compensation is tied to long-term performance through subscription warrants linked to revenue and gross profit milestones for the 2021–2025 period.
The company reported payments of 257,326 PLN to Arkona, an entity linked to key management personnel, as part of its related-party transaction disclosures.
11 bit studios S.A. adhered strictly to its established Remuneration Policy throughout the 2022 fiscal year without any reported deviations.
The 2022 fiscal year for 11 bit studios S.A. was characterized by a significant upward adjustment in executive compensation, driven primarily by strong financial performance and the expansion of the Management Board. Total remuneration for the Management Board reached 4.42 million PLN, representing a 101.33% increase over the previous year. This growth was largely fueled by variable compensation components, as annual bonuses are strictly tied to net profit targets. For the three primary board members, individual compensation rose to approximately 1.18–1.19 million PLN each, with performance-based bonuses accounting for roughly half of their total earnings.
The company maintains a clear distinction between executive and oversight compensation structures to ensure corporate governance integrity. While Management Board pay is heavily incentivized through profit-sharing and long-term incentive programs, Supervisory Board remuneration remains fixed to preserve independent oversight. In 2022, Supervisory Board pay increased by 125.28% to 338,732 PLN. Long-term incentives are further reinforced through multi-year programs for the periods of 2017–2019 and 2021–2025, which utilize subscription warrants contingent upon the achievement of specific revenue and gross profit milestones.
Financial transparency remains a priority, with detailed disclosures regarding transactions with related entities. Payments to Arkona, an entity linked to key management personnel, saw a modest increase to 257,326 PLN. Throughout the reporting period, the company adhered strictly to its established Remuneration Policy without any deviations. These compensation structures are designed to align the interests of leadership with shareholders by linking significant portions of pay to the company’s sustained financial health and the successful execution of its long-term strategic goals.
